WASHINGTON, Feb. 14, 2018 /PRNewswire/ -- Capstone LLC, a
leading provider of policy analysis for institutional investors and
companies in the US and Europe,
provided regulatory due diligence advice to mortgage company WMIH
Corp. (Nasdaq: WMIH) on its acquisition of Nationstar Mortgage
Holdings (NYSE: NSM), a provider of mortgage servicing, origination
and technology solutions across the U.S.
On February 13th, WMIH
and Nationstar announced they had entered into a definitive merger
agreement. Upon completion, Nationstar shareholders will
receive $1.2 billion in cash and WMIH
shares valued at an estimated $702
million. In addition, approximately $1.9 billion of Nationstar's existing senior
unsecured notes will be refinanced at closing, for total deal
consideration of $3.8 billion.
Private equity firm KKR & Co. (NYSE: KKR), which owns 24% of
WMIH's voting shares, has agreed to support the Nationstar
transaction. In its work for WMIH, Capstone conducted
regulatory due diligence on mortgage policy at the federal and
state levels.
About Capstone
Capstone is a leading policy analysis firm with offices in
Washington, DC, and London, UK, providing strategic investment
advice and regulatory due diligence to institutional investors and
companies in the US and Europe.
2017 was a banner year for Capstone's regulatory
due-diligence work, as we completed over 40 due diligence projects
across the financial services, energy and healthcare verticals
globally.
For more information about Capstone, please contact:
David Barrosse
Managing Partner
(202) 449-9861
dbarrosse@capstonedc.com
Erin Caddell
Director of Research
(202) 449-9864
recaddell@capstonedc.com
View original content with
multimedia:http://www.prnewswire.com/news-releases/capstone-provides-regulatory-advice-to-wmih-on-nationstar-acquisition-300598649.html
SOURCE Capstone LLC